14:36:21 EDT Fri 10 May 2024
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Innergex Renewable Energy Inc
Symbol INE
Shares Issued 204,321,381
Close 2023-12-15 C$ 9.39
Market Cap C$ 1,918,577,768
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Globe says Innergex sees Quebec roll dice on renewables

2023-12-18 07:29 ET - In the News

The Globe and Mail reports in its Saturday edition that Hydro-Québec chief executive Michael Sabia recently unveiled a master plan for Quebec's energy future that is breathtaking in scope and substance. The Globe's Nicolas Van Praet writes that for this societal transformation to work, Mr. Sabia will have to persuade Quebeckers in every corner of the province to get on board, from Innu communities to hamlets and cities. The Sabia blueprint will see the utility spend as much as $185-billion to transform Quebec's energy landscape from now until 2035, including $110-billion on new clean power generation facilities and $50-billion to improve the reliability of the electrical grid. The goal: decarbonize Quebec's economy and build wealth by making the province a magnet for innovative companies using and producing green energy. The numbers are mind-boggling and so are the images that Mr. Sabia evokes. Build thousands of new wind power turbines, enough to cover 15 times the area of the Montreal island. Michel Letellier, chief executive officer of Longueuil, Que., renewable power producer Innergex, says: "There is plenty of wind in Quebec. But how fast we can develop it and how competitively we can do it is the question."

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